Someone has to give if we’re to fix problems with the budget

Ross Gittens in the Sydney Morning Herald gives a warning, citing that "The nation's budget problem still won't be solved even when...we get the federal budget back into surplus." As successive intergenerational reports demonstrate, on present policies government spending will just grow and grow, requiring ever-higher taxes. The four biggest areas of spending include welfare benefits, … Continue reading Someone has to give if we’re to fix problems with the budget

Reserve Bank Chief gently reproves Turnbull’s failings

In a speech on Thursday the 9th February, Governor of the Reserve Bank Phillip Lowe outlined an economic "to-do" list for 2017 and in doing so "implied criticism of the Turnbull government's weak performance." What does he think should be done? He has supported the Turnbull government's intention for a cut in the company tax … Continue reading Reserve Bank Chief gently reproves Turnbull’s failings

PM moves to quell backbench over clean target

Under a CLEAN ENERGY TARGET proposed by the Finkel review of the Electricity sector, Australian's could save about $90 a year, or up to $1000 on their electricity bills over a decade to 2030.  However amidst Government Conservative backbench outcry, at a Council of Australian Governments meeting, Prime Minister Malcolm Turnbull promised a CET was "no … Continue reading PM moves to quell backbench over clean target

Battle over budget as Treasurer Scott Morrison won’t commit to saving mining windfall

1st March 2017 Battle over budget as Treasurer Scott Morrison won't commit to saving mining windfall   Treasurer Scott Morrison has told the government not spend the coming windfall in iron ore and coal prices, saying that if it did, that it would repeat the mistakes of prime minister John Howard and Peter Costello in … Continue reading Battle over budget as Treasurer Scott Morrison won’t commit to saving mining windfall